Crescent Point Energy Corp. is reducing its workforce by 17%, or by more than 200 employees, potentially to save the Calgary-based company more than C$50 million annually as it works to “become a more focused and efficient company with a stronger balance sheet,” management said.
Articles from Crescent
Crescent Point Energy Corp. plans to sell some of its noncore assets in the Williston Basin for a total of C$280 million in a pair of transactions expected to close by the end of the month, the Calgary-based company said Tuesday.
A group of business leaders from the Appalachian Basin on Tuesday unveiled a study it commissioned that shows the region has significant advantages for ethylene cracker projects compared to the Gulf Coast, including low-cost feedstock and market proximity.
A group of business leaders in the Appalachian Basin have launched another economic development initiative to attract global attention and top energy-consuming businesses to the Mid-Ohio Valley to take advantage of some of the industrialized world’s lowest natural gas prices.
BP America Inc. President Lamar McKay last week told an audience of financial analysts in New Orleans that his career began in the Crescent City. While he said it was a pleasure to be back for the Howard Weil Energy Conference, McKay emphasized that neither he nor BP had forgotten how Louisiana’s shores were fouled last summer by oil from the company’s blown-out Macondo well.